Muthoot Microfin Limited’s board has approved raising ₹4,000 crore through Non-Convertible Debentures (NCDs) and ₹500 crore via commercial papers during the financial year 2026-27. The debt issuance comprises ₹3,000 crore through private placement and ₹1,000 crore via public issue. The board also appointed Ms. Hannah Muthoot as an Additional Director and convened the 34th Annual General Meeting for August 11, 2026.

The NCDs will be secured and listed, predominantly on BSE Ltd., with a tenor not exceeding 10 years. Specific coupon rates and maturity dates will be finalized by the Debenture Issue and Allotment Committee. The approvals were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board and Governance Changes

Ms. Hannah Muthoot (DIN: 10762532) was appointed as an Additional Director (Non-Executive - Non-Independent) effective June 30, 2026. A fourth-generation member of the promoter family, she brings over five years of experience in financial services and strategy within the Muthoot Pappachan Group. The board decided not to fill the vacancy arising from the retirement by rotation of Mr. John Tyler Day, who will hold office until the conclusion of the upcoming Annual General Meeting.

The board appointed M/s. Deloitte Touche Tohmatsu India LLP as the co-sourced internal auditor for functional audit and M/s. Pricewaterhousecoopers Services LLP for IT/cyber specialised audit for FY27. Both firms are independent and not related to any directors.

Key Approvals

Muthoot Microfin has announced its intention to launch Non-Convertible Debentures (NCDs) worth up to 40 billion rupees in the fiscal year 2026-27. The planned issuance underscores the company's focus on raising debt capital through the NCD route during the upcoming fiscal year.

NCD Issuance Details

The key parameters of the announced NCD plan are outlined below:

NCDs are fixed-income debt instruments issued by companies to raise funds from the public and institutional investors. They cannot be converted into equity shares and typically offer a fixed rate of return over a specified tenure.

Company Overview

Muthoot Microfin is a microfinance institution operating in the Indian financial services sector. The company's planned NCD issuance of up to 40 billion rupees in FY2026-27 reflects its debt mobilization strategy for the period. No additional details regarding the structure, tranches, coupon rates, or specific timelines of the NCD issuance were available in the source data.